L+M Development Partners

L+M Development Partners, founded in 1984 by Ron Moelis and Sandy Loewentheil, is a New York-based developer and property manager of high-quality affordable, mixed-income and market-rate housing. Headquartered in Larchmont, NY, it now oversees over 24,000 apartments across Manhattan, Brooklyn and Queens. Its rental buildings are found in diverse neighborhoods throughout Manhattan and the outer boroughs: Harlem, the East Village, Long Island City and Williamsburg among them. They typically offer modern urban living with a community focus. Units often feature amenities like 24-hour doorman service, on-site gyms and laundry, bike storage, and landscaped roof decks or courtyards.

In addition to housing, L+M's portfolio includes mixed-use developments combining apartments with retail or community space. For example, The Pearson Court Square at 45-50 Pearson Street in Long Island City is a 15-story rental built in a brick-warehouse style. It includes a double-height lobby, a full gym and yoga studio, bike and grocery storage, and extensive outdoor facilities such as landscaped courtyards, open-air terraces and a rooftop deck with grills. The company emphasizes a double-bottom-line strategy, linking financial returns with social impact, and often incorporates affordable units or community amenities in its projects. For renters, this means L+M-managed buildings tend to offer generous amenities and dependable management, reflecting the firm's mission of inclusive, sustainable urban communities.